noun
the Juche Idea
the official state ideology of the Korean Workers' Party, which has been dominating the Democratic People's Republic of Korea (DPRK); is based on the teachings of Kim Il Sung, Kim Jong Il’s father, and guides the DPRK to act more on its own initiative in foreign affairs, rather than follow policies dictated elsewhere
1) an idea, concept, plan etc that is flawed

Your business plan is really the Juche Idea. It would bankrupt the company and starve all employees and their families to death. Rejected.